5470 Annette St, North Charleston, SC 29406

Description

See MLS Listing 26001453 for package listing! Recent updates including new roof! Opportunities like this don't come up often in North Charleston. 5470 Annette St offers a fully renovated duplex in a prime location near Park Circle and surrounded by major redevelopment activity - both in the neighborhood with all of the new builds and area-wide like the Naval Yard Redevelopment Project. With both units leased and modernized, this is a rare chance to step into an already-performing property in one of the most dynamic submarkets in the Charleston area. Each side is a true 1-bedroom, 1-bath unit with private entrances, updated mechanicals throughout, and strong leases in place. One side fully furnished as a 30 day plus rental at $1695/mo, the other side traditional lease at $1,250/mo.The property was comprehensively renovated just a few years ago (2024 with unit 2 refreshed in 2026), electrical, plumbing, HVAC, and finishes were replaced, along with a new roof in 2026, so the next owner can focus on income, not maintenance headaches.

Both units include modern kitchens with stainless steel appliances, quartz counters and updated bathrooms with tiled showers, new vanities, in unit washer/dryer and the kind of finishes today's renters expect.

Whether you're a seasoned investor, 1031 exchange buyer, or someone looking to house hack and live in one unit while the other offsets your mortgage, this property delivers the versatility to fit a wide range of investment goals. The duplex format allows flexibility to continue operating as a long-term rental, explore mid-term or furnished housing for traveling professionals, or simply hold as a low-maintenance income producer in an area with a history of steady growth and rising demand.

The location is prime - Annette Street sits minutes from Park Circle, and the restaurants, retail, and bars on E Montague as well as being minutes from 526, making for an easy commute to downtown. The surrounding area has seen consistent growth as the City of North Charleston prioritizes infrastructure, green space, and redevelopment in this corridor. With proximity to major employers, the airport, and quick interstate access, this address benefits from strong tenant demand and excellent rental stability.

For investors focused on portfolio diversification and cash flow, this property checks all the right boxes:

-Fully renovated and performing from day one

-Professionally managed, offering optional hands-off ownership

-Stable tenants and proven rent history

-Modernized systems, reducing near-term maintenance costs

-Located in a high-demand growth corridor with limited small multifamily inventory

As smaller multifamily assets become harder to find in core Charleston submarkets, this duplex stands out as an efficient, low-risk way to participate in the area's growth story. It combines the convenience of a turnkey property with the strategic upside of a market that has been on an upward trend.

Whether you're exchanging out of another market, adding to your existing portfolio, or taking your first step into multifamily ownership, 5470 Annette Street offers the kind of simplicity and long-term potential investors look for, but rarely find, in Charleston's competitive landscape.

Huntington Bank offers up to $5,500. towards a buyer's closing costs for this property address, see flyer in listing docs.